Liechtenstein
Last updated: 19/02/2007CENTRAL AUTHORITY FOR REPORTING
Einheit fuer Finanzinformationen (EFFI)
ARE LAWYERS COVERED BY MONEY LAUNDERING LEGISLATION?
Yes
NAME LAWS REGARDING ANTI-MONEY LAUNDERING PROCEDURES
Narcotics-related money laundering was made a criminal offence in 1993.
General anti-money laundering legislation was introduced in 1996 and amended to include lawyers in compliance with the Second EU Money Laundering Directive. Other legal reforms in response to the Second EU Money Laundering Directive include the prohibition of ‘tipping off’, as well as an expansion of predicate offences for money laundering through Article 165 of the Criminal Code.
The Second EU Money Laundering Directive was incorporated into a new Due Diligence Act. The Due Diligence Act was amended on 1st February 2005 to require financial intermediaries to identify their clients and the beneficial owners of accounts.
IN ADDITION TO THESE LAWS, IS THERE ANY MONEY LAUNDERING GUIDANCE FOR LAWYERS CURRENTLY IN PLACE?
No information available.
UNDER WHAT CIRCUMSTANCES IS A LAWYER UNDER THE OBLIGATION TO REPORT?
The threshold for reporting has been changed to suspicion rather than the previous standard of strong suspicion.
LAWYER RESPONSIBILITY/LIABILITY
No information available.
CLIENTS IDENTIFICATION AND VERIFICATION
No information available.
LAWYERS PROSECUTED FOR MONEY LAUNDERING OFFENCES
No information available.
